New York Gov. Kathy Hochul (D) said Thursday a plan floated by advisers to President-elect Donald Trump to increase the state and local tax deduction is “nothing more than an empty gesture.”
“It fails to deliver the meaningful relief working families desperately need as they struggle with rising costs,” she said in a statement, calling on the state’s congressional delegation to fight for a “complete restoration of the SALT exemption.”
The tax law Trump signed in 2017 set a $10,000 limit on state and local tax payments individuals could deduct from their federal returns. The move drew bipartisan outcry from ...
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